Each of the 5 warehouses on this campus will require updates (construction of offices/bathrooms, roof repairs, paint, siding repairs, new penetrations for doors, updates to electrical, insulation, and extension of water and sewer). 

Quote from @Deltrease Hart-Anderson: What are your thoughts on putting new construction in a B+/C- neighborhood?

At least with FHA 203(k), you cannot do ground up construction.

Quote from @Sri Reddy: We are a team who are venturing in to constructing a multifamily unit from groundup.We don't have any prior experience in construction and are looking for financing loan options.

any ideas if there are any builders who would sell it to investors like me who wish to add new construction SFH's to their portfolios ?

Determine if the area can support new construction.

@Treza Edwards  your original question may answer itself when you say there is not much new construction going on. 

I have 2 empty lots that I want to build 2 rental properties on in Decatur, AL, but there is not a lot of new construction in the area.

@Travis Biziorek: self management isn't something that we're willing to undertake. 

It looks like you can use a 203k loan for new construction to reconstruct on an existing foundation.